and we are world first coin that uses totalcoin to be able trigger the coin stages dynamical depend on the minting behavior of stakeholder
if less people mint and more coin-age be burned at transactions dynamical the high reward POS stage stay active longer
because we not trigger ad a defined block and choose instead a totalcoin ammount as trigger
Could you please elaborate and further explain what you are saying here?
Please bear with us as we bear with you.
trigger:
activate a change in coin rules
example:
most coins use triggers like
block 1-1000 = 1000 pow reward
block 1000-10000= 500 pow reward
or
first year = 20% pos reward
second year = 15% pos reward
in the case of diamond coin rollout we have a phase with high POW rewards and high POS rewards (1.05 dmd each POW block AND 50% POS (per anno))
our goal is longterm to have a coinrollout running 30+ years so it is important that our triggers who reduce POW rewards and POS rewards kick in at a special totalcoin amount
and u cant just make a excel list check how much coins exist each month and add the 50% POS (divided trought 12)
and by this estimate how the amount of total coins increase. every atempt to estimate now at which block we will reach 1500000 coins will fail
why?
because people can never mint all the theoretical coin-age
each transaction destroy coin-age which will be lost for POS rewards
and there might be some people who never go into mint mode.....
(lost wallets (computer broke and no backup of wallet.dat as example) lost passwords and so on)
so we invented the totalcoin amount trigger which will change the behavior of all wallets once totalcoins reach a trigger value
(console getinfo money supply = total coins)
this way no matter if a lot people POS their coins or a lot coin-age is destroyed and not minted into POS rewards our coin rollout speed is not affected
if less people mint the high POW rewards phase stay active longer and the total coins rollout speed stay around the same.
try calculate some of the mushroom like appearing coins and their features
u will find out lot of them stop to work in months or even weeks because POW and POS phase is over......
and a coin where no new blocks are generated is stuck..... no new block=no transactions working
diamond is having endless hybrid POW/POS network security and block generation
diamond is designed to be at least 30 years working without design changes needed
and we have lot of time to implement early enought a moneysink to make it a endless running system
shortterm people complain about not big rewards in a few weeks maybe
longterm people will complain about dev-less coins broken coins misdesigned coin-features
diamond is all about longterm and avoid all that traps
im sorry if to be able explain u the reason behind the coin design desicions maybe give reason for another questions
but i will try my best to answer follow up questions
regarding the diamond coin spec design i am the expert and i am able answer every question
they where the basic requirements for our coders
im not a coder myself and that isnt required
to design coin features and coin behavior
henry ford said:
i estimate if we would have asked people what they want the answer would be similar
"we want diamonds with more value"what we did was to implement features that give your diamonds more value
each diamond u mine or buy now will reproduce itself in the hot coin rollout phase
at least once so basical every dmd now
count for at least two DMD longterm
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